Term 2: Lecture 1

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Term 2 Lecture 1 Essay Topics Frame works
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Topic 1 Global Impact of the 2008 Financial
Crisis Comparing Canada and the Third World
Countries (One county or the Developing World in
general, with examples on countries) Framework
Formulate a framework using the arguments and
concepts from one or more Kit Articles 1-5 and
from Term 1 lecture 5 on Financial Crisis.
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Topic 2 Women and Globalized Labour Comparing
Canada and India or a country in Latin America
(or women in Latin America in general, as some
articles draw upon examples from a few
countries) Framework Formulate a framework
using WST concepts and the arguments presented in
lectures, Kit articles 7-10, and in one or more
of the articles in the Developing World (Articles
50-55, Developing World 2012-2013,). Also, you
may find the following articles (to be accessed
through York U electronic data base), useful
Gideon, J (2006). Accessing Economic and Social
Rights under Neoliberalism Gender and Rights in
Chile, Third World Quarterly, 27, 7 1269 1283
Agarwala, Rina (2007). Resistance and Compliance
in the Age of Globalization Indian Women and
Labor Organizations, The ANNALS of the American
Academy of Political and Social Science, 610
143-159.
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Topic 3 Causes and Condition of Aboriginal or
Child/Youth Poverty Comparing Canada and India
or a country in Latin America (or Child/youth in
Latin America in general, as some articles draw
upon examples from a few countries) Framework
Formulate a framework using WST concepts and the
arguments in lectures, and in the articles
related to children (Articles 11-16) in your Term
2 course kit. For a better grade, it is
important that you integrate as many of the kit
articles as sources on Child/youth. Also, you
will be wise to use the following excellent
report posted on course webpage Canadian Council
on Social Development (CCSD) (2006). The Impact
of North American Economic Integration on
Children, http//www.ccsd.ca/pubs/2006/cina/econ_i
ntegration.pdf (accessed 1 July, 2007) free
publication.
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Topic 4 NAFTA US hegemony Canada and
Mexico Framework Formulate a framework using
WST concepts, the trade and subsidy arguments in
lectures, in the articles from 10-13 in the
Developing World as well as those in articles
17-20 from your Course Kit for Term 2. Also,
please check out the following article to be
accessed through e-resources at York Kentor,
Jeffrey (2005). The Growth of Transnational
Corporate Networks 19621998, Journal of
World-Systems Research, XI 263-286.  
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• Theoretical arguments to be applied to all
  topics
• WST
• Please review Term 1 Lectures on WST, if you do
  not have a clear and comprehensive understanding.

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• Applying the World System Theory
• Analytical themes PUT-NDL
• GCC
• FM
• Cores hegemony and global hierarchy of
• power
• Unequal Exchange Trade Relations between the
  Core and Peripheral countries
• Differential flow of surplus to the core
• Old vs. new Division of Labor
• Global Commodity Chain (GCC)
• Global impact of Cores Financial Meltdown

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http//wn.com/unequal_exchange_video http//www.b
eyondblackwhite.com/capuchin-monkeys-reject-unequa
l-pay-proof-treated/
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• Hegemony a historical process (read 4 in
  course kit)
• States compete for global domination
• Endless capital accumulation
• Market treats goods and labor alike as
  commodities

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• WST explains DWs situation as a result of Cores
  hegemony over periphery How?
• Modern world economy as a system
• Market expands under U.S. hegemony since
  1950s
• The Decline of the Dollar and US Hegemony
  http//www.youtube.com/watch?vg9AP5Id-GW0
• Corporatization of world production and trade
  Cores MNCs expand under a hegemonic power that
  is imposed on peripheries
• Neoliberalism (ideology)
• Commodity chain (structure)
• THE CORPORATION 2/23 Birth
• http//www.youtube.com/watch?v8SuUzmqBewg

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• Rise of the modern world economy as a system
• 1500 A.D. Origin of the modern world-system
  (world economy)
• Western Europe
• Feudalism declined
• Technological innovation
• Rise of market institutions
• Military strength
• Transportation Tech
• Core vs. Peripheral countries
• Capital-intensive production and R D in the
  core
• Low-skill labor and raw materials in the
  periphery.

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• 20 C the capitalist world-system
• Unequal exchange (bet. European core and
  non-European periphery generated unequal
  development)
• Semi-periphery a buffer
• Role of the State
• Maintaining global hierarchical structure
• Direct profits to MNCs in the core
• Protect global capitalist economy by
• Enforcing property rights
• Monopoly on trade in high-value good

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• Global Market crisis 20th 21st C Boom and Bust
  ( 1 in Course Kit)
• 1929 - Stock market crash - the Great Depression
• 1944 - Bretton Woods agreement establishes fixed
  exchange rates
• 1954 DJI average recovers from crash (took 25
  years)
• 1971 - U.S. no longer uses the gold standard
  end of fixed exchange rates
• 1987 - Black Monday (Oct. 16,), DJI drops to
  22.6 - Highest one day crash since Depression
• 1997-98 Crisis in Global currency rates
  triggers recession
• 2008 on Cores Financial Meltdown failure of
  financial institutions in U.S and Europe its
  impact

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• WST explains the global production trade
• Corporatization of world production and trade
• Cores MNCs expand under US hegemony over
  peripheries
• NL Neoliberalism (ideology)
• GCC Global Commodity Chain (structure)

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• World market system facilitated 25 years of
  growth in MNCs power
• Rise in corporate concentration
• Externalities Corporations reduce uncertainty
  and business costs air pollution vs.
  fireproofing a house
• http//www.youtube.com/watch?vyC5R9WPId0s
  (7.39min)
• 3. Outsourcing or offshoring - to avoid
  accountability Business of offshoring and
  outsourcing
• http//www.youtube.com/watch?vdZlcbGNC_3g
  (5.26min)
• Stephen Orlins Discusses the Impact of
  Outsourcing on U.S.-China Relations
• http//www.youtube.com/watch?vWyYqM81ys3I
  (3.33min)

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• Washington Consensus circa 1989
• Neoliberal ideology (LAP DoGS)
• Globalization
• Austerity
• Trade Liberalization
• Financial Deregulation
• Financial Speculation
• Privatization

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• Driving force of Global market integration
• Neoliberalism (NL)
• Why should Peripheries adopt NL?
• Cores enforcement How?
• According to WTO rules accepted by all member
  countries
• As requirements of loans WB, IMF (SAP)
• SAP
• (Balancing the government budget
• Weakening the Labour
• Deregulating the economy
• Reducing the State
• BLeeDS )

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Argument Enforcement of NL is a cause for DWs
disadvantaged position vis-à-vis AICs All
countries (DWs) are brought under Cores
(US/AICs) hegemony free Market regime through
market integration, WTO, Global Monetary System,
Stock markets and MNCs.
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• WST explains
• Corporatization of world production and trade
• Cores MNCs expand under US hegemony over
  peripheries
• NL Neoliberalism (ideology)
• GCC Global Commodity Chain (structure)

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• Single division of labor core accumulates
  capital as periphery supplies labour

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WST Global Commodity Chain (GCC) Commodity
Chain Research HD http//www.youtube.com/watch?v
bs65dIcRKXE Core Capital rich Head
Office RD Product design Customization M
arket distribution Products Retail Ads
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GCC (contd.) Peripheries Labour
surplus Production process Vertically
integrated GCC
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Firms call commodity chain as value
chain Global Value Chain Garments and flowers
(English subtitles) Woman Working World Wide,
South Africa http//www.youtube.com/watch?vjUNxj0
MOoqk Global Value Chains in East Asia WTO
http//www.youtube.com/watch?v9-1ht2OrG2Y
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Vertically integrated Model MNCs GCC Foreign
subsidiary or Subcontracting local
company Manufacturing factories or
Sweatshops Extract raw materials from resource
rich areas Extract surplus from labour
Household labour of the poor (low/no wage or
slavery) Men, Women, Youth Children
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Inequitable Impacts of global Commodity Chains
on workers at the Core
Economic Costs
Wealth Capital Concentration Lower Wages Low
Remuneration for Non-Wage Labor for Commodity
Production (e.g. household)
Educational cultural costs
Devaluation of Arts Humanities Commodification
of Youth, child, women as Logo
Critical individual costs
Health Civic freedoms Discrimination gender
Age Human rights Law Order (prejudice against
the poor)
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Inequitable Impacts of global Commodity Chains
on workers at the Periphery Wilma A. Dunaway,
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Starbuck's Coffee Commodity Chain
http//www.youtube.com/watch?vosW9dfueb_4